Colin Mc Hugo

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Colin Mc Hugo
Security Engineer Manager & CEO at Quantum Infinite Solutions Group Ltd.

Verizon’s 2021 DBIR: Phishing and ransomware threats looming ever larger

May 15, 2021

The report offers distinctive insights into how the COVID-19 pandemic affected the information breach panorama

Verizon has launched the 14th installment of its annual Information Breach Investigations Report (DBIR) that analyzed 5,258 confirmed knowledge breaches, a rise from 3,950 within the report’s earlier concern. As is perhaps anticipated, the 2021 version, which used enter from 83 contributing organizations from around the globe, additionally sheds distinctive gentle on the impression that the COVID-19 pandemic has had on the information breach panorama.

With a sizeable a part of the workforce forced to work remotely, the pandemic-powered transition has been mirrored by the rise in sure varieties of cyberattacks. Phishing assaults, a persistent and most acute risk for years, noticed a rise by 11%; in the meantime, the variety of ransomware assaults grew by 6% in comparison with the 12 months prior. A complete of 85% of breaches concerned a human factor.

“This enhance correlates with our expectations given the preliminary rush in phishing and COVID-19-related phishing lures because the worldwide stay-at-home orders went into impact,” reads the Verizon 2021 Data Breach Investigations Report.

Certainly, all through the pandemic, COVID-19 themed phishing assaults have been popping up left and proper. Initially, risk actors tried to dupe victims by impersonating the World Health Organization (WHO), nonetheless, extra just lately, they tailored their techniques and tried to money in on the distribution effort with various vaccine scams.

With an growing variety of companies taking steps towards digital transformation and transitioning extra of their operations to the cloud, the report additionally examined the challenges they face alongside the best way and located that assaults on internet functions represented 39% of all breaches.

“Because the variety of corporations switching business-critical capabilities to the cloud will increase, the potential risk to their operations could turn out to be extra pronounced, as malicious actors look to take advantage of human vulnerabilities and leverage an elevated dependency on digital infrastructures,” Verizon Enterprise CEO Tami Erwin mentioned in a press release.

The report additionally carried out an evaluation of 12 completely different industries and located that whereas all of them face cybersecurity challenges, these differ from business to business primarily based on numerous features, starting from their infrastructure to the kind of knowledge they deal with. Private knowledge accounted for 83% of knowledge compromised within the monetary and insurance coverage industries, whereas within the scientific and technical companies they made up “solely” 49% of all breached knowledge.

Probably the most important threat to the public administration vertical is social engineering assaults, which have been behind 69% of the breaches. Unsurprisingly, the retail business is predominantly focused by financially motivated risk actors seeking to make a fairly penny by acquiring fee playing cards and private info.

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